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There are fears that one effect of scrapping the Serious Fraud Office could be to jeopardise major cases, such as the investigation involving the Tchenguiz brothers, Vincent and Robert

Alex SpenceProfessional Services Correspondent

Last updated at 9:00PM, April 8 2011

The investigation into the billionaire Tchenguiz brothers and other major
fraud cases could be jeopardised by the scrapping of the Serious Fraud
Office, insiders fear.

Staff morale has hit rock-bottom as the Government prepares to break up the
agency, the insiders said, prompting concerns that a wave of defections
could undermine the progress of about 100 fraud and corruption cases on the
SFO’s books.

A document seen by The Times reveals that the Government is pushing
ahead with plans to abolish the SFO and transfer responsibility for pursuing
serious frauds to the Crown Prosecution Service, despite fears among fraud
experts

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